It was a bizarre year for restaurants where bankruptcies are concerned, with very few filing and none after early June, perhaps partially due to courts being closed and short-staffed throughout the pandemic.
Still, there was a lot of interesting news in the restaurant finance world. Many chains that filed bankruptcy in 2020 restructured and emerged in early 2021, including Punch Bowl Social and Ruby Tuesday. The brand now known as Beatnic, formerly By Chloe, at long last resolved ongoing legal disputes, emerged from bankruptcy and fully rebranded throughout the year...
RSK: Although bankruptcies have slowed to a crawl, we lost some real good ones. Lots of space to be had or kitchens to takeover.
- - Volume: 10 - WEEK: 2 Date: 1/4/2022 10:30:30 AM -